Ethereum ETF's Early Results Lag Bitcoin After the first day of trading in ethereum exchange traded funds, the cryptocurrency is proving to be a distant second to bitcoin. Trading volume topped $1 billion on Tuesday, which was well behind the roughly $4.7 billion on Day 1 for bitcoin ETFs, according to research from BestBrokers. "Bitcoin, the pioneer in the cryptocurrency space, continues to enjoy stronger institutional backing and market enthusiasm," says Alan Goldberg, crypto analyst at BestBrokers. "Ethereum, while substantial, seems to be playing catch-up in the ETF market, possibly reflecting its evolving status among investors and ongoing developments within its ecosystem." The SEC approved eight ETFs, including the Grayscale Ethereum Mini Trust (ETH), Franklin Ethereum ETF (EZET), VanEck Ethereum ETF (ETHV), and BlackRock's (BLK) iShares Ethereum Trust (ETHA). Their shares have moved little, with Grayscale Ethereum Trust (ETHE) forming a cup-with-handle base after converting to a spot ETF following five years of trading. Bitcoin remains the largest cryptocurrency with a market cap of $1.268 trillion, while ethereum is No. 2 with $409.3 billion, according to Statista. Source: Investors.com #financenews #stockmarket #stocknews #businessnews $SOCW #socialwireai